National Grain Summary Week ending Dec. 7th

Wednesday, December 12, 2018 9:02 AM

Compared to last week, cash bids for wheat were mixed, while corn, sorghum, and soybeans were higher. USDA said wheat net sales of 711,800 metric tons for 2018/2019 were up 89 percent from the previous week and 58 percent from the prior four-week average. Exports of 480,700 MT were up 93 percent from the previous week and 43 percent from the prior four-week average. Corn net sales of 1,177,500 MT for 2018/2019 were down seven percent from the previous week, but up 26 percent from the prior four-week average. Exports of 1,166,300 MT were up 11 percent from the previous week and seven percent from the prior four-week average. Soybean net sales of 890,900 MT for 2018/2019 were up 42 percent from the previous week and 87 percent from the prior four-week average. Exports of 1,252,200 MT were up 22 percent from the previous week and 11 percent from the prior four-week average. Wheat was from 38 3/4 cents lower to 33 cents higher. Corn was 8 1/2 to 22 1/2 cents higher. Sorghum was 18 to 49 cents higher. Soybeans were 18 1/4 to 22 1/4 cents higher.
Source: USDA-MO Dept of Ag Market News Service, St. Joseph, Mo.

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